Global equities markets fell sharply on April 7, with US stocks dropping over 3%, erasing more than $2 trillion in market value. The S&P 500 entered bear territory after a 20% drop. Initially rising on a rumor about a potential 90-day tariff pause by President Trump, markets quickly reversed when the White House confirmed the rumor was false. In Asia, markets plummeted significantly, with Hong Kong’s index dropping 13%. Bitcoin also faced a decline, hitting yearly lows at $74,457, demonstrating a 6.5% drop over the weekend. Despite negative market dynamics, whale investors (those holding over 10,000 BTC) are increasingly accumulating Bitcoin. Since March 11, these whales added 129,000 BTC, reflecting strong buying interest despite the overall bearish trend. Analysts indicate that market conditions for Bitcoin remain challenging, with potential support found at the recent lows.

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